**2023** ANNUAL **REPORT**
**PREPARED BY** Fraser Neill
## **PRESENTED BY**
Fraser Neill
## **T A B L E O F C O N T E N T S**
## **A D M I N I S T A T I V E I N F O R M A T I O N**
|**R E P O R T O F T R U S T E E S**|1-10|
|---|---|
|**O B J E C T I V E S , M I S S I O N A N D V I S I O N**|2-3|
|**G O V E R N A N C E , S T R U C T U R E A N D M A N A G E M E N T**|4|
|**S E R V I C E S A N D T E S T I M O N I A L S**|5-8|
|**P L A N F O R T H E F U T U R E**|9|
|**O P E R A T I O N A L S U P P O R T A N D C H A L L E N G E S**|10|
|**D E C L A R A T I O N**|11|
|**F I N A N C I A L R E V I E W**|12-26|
|**I N D E P E N D E N T E X A M I N E R S R E P O R T**|13|
|**S T A T E M E N T O F F I N A N C I A L A C T I V I T I E S**|14-15|
|**N O T E S T O T H E A C C O U N T S**|16-22|
|**S T A T E M E N T O F C A S H F L O W**|23|
|**D E T A I L E D S T A T E M E N T O F F I N A N C I A L A C T I V I T I E S**|24-26|
1
## **A D M I N I S T A T I V E I N F O R M A T I O N**
**CHARITY NAME: FOUNDATION FOR GOOD**
## **CHARITY REGISTRATION:**
**FOUNDATION FOR GOOD IS A CHARITABLE INCORPORATED ORGANISATION (CIO), REGISTERED ON 23RD FEBRUARY 2021. REGISTRATION NUMBER: 1193644**
## **CHARITY REGISTERED ADDRESS**
**FOUNDATION FOR GOOD 11-15 TRAFALGAR STREET CONSETT COUNTY DURHAM DH8 5AP**
## **BOARD OF TRUSTEES**
**DAVID NEILL (CHAIRMAN) - SINCE 23 FEBRUARY 2021 ROBERT SNAITH (TRUSTEE) - SINCE 23 FEBRUARY 2021 EGNES MANYENA (TRUSTEE) - SINCE 23 JUNE 2022 AMANDA FRENCH (TRUSTEE) - SINCE 10 MARCH 2023**
## **CHIEF EXECUTIVE OFFICER**
## **ACCOUNTANT**
**FRASER NEILL**
**.**
**.**
**.**
**ACCOUNTING FOR GOOD CIC, 2 Geordie Ridley Place Upper Precinct, Wesley Court, Blaydon-on-Tyne, Tyne and Wear NE21 5BT**
2
Happier, Healthier & More Cohesive Communities.
## **FOUNDATION FOR GOODS'S MISSION**
## **O B J E C T I V E S**
We took guidance from the Charity Commission on our positive works for the people within our area. The trustees have agreed that the guidence we received correctly represents our charities object and aims for benifiting the people of our community
The objects of the CIO, to be carried out in Consett and the surrounding area, are:
1) The promotion of community participation in healthy recreation for the public benefit through the provision of facilities to participate in sports capable of promoting physical health and fitness.
(For the purposes of this clause “facilities” means land, buildings, equipment, access to coaching and organising sporting activities).
2) To advance in life and help young people through the provision of support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
3) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
- Help drive positive change within our community.
- Support people with their development.
- Help raise our communities aspirations and opportunities for future life success.
- Provide services which empowers our users.
- Provide a wide range of services to help more members of our community.
## **OUR PROMISE**
_“We look to offer a service which helps to elevate our members. our promise is to continue our development as an organisation to fit and help all people in this adapting and changing world. We are committed to continued professional development and realise when we all work together great things can be achieved._
## **Fraser Neill**
Chief Executive Officer
3
## **G O V E R N A N C E S T R U C T U R E A N D M A N A G M E N T**
## **G O V E R N I N G D O C U M E N T**
The charity Foundation For Good was registered on 23 February 2021 and is governed by the constitution of a Charitable Incorporated Organisation (CIO), whose only voting members are its trustees under the CIO's foundation model constituation
## **T R U S T E E S**
The management of the charity is the responsibility of the Trustees, who are elected and co-opted under the terms of the CIO's foundation model constitution. They are inducted through meetings with the chairman and other trustees, covering the history and current activities of the charity, governance and management, and the charities financial accounts, policies and procedures. Trustees are recruited based on their particular skillset and networks that are required for the growth of the CIO in alignment with the values and vision of the charity.
**C U R R E N T T R U S T E E S**
David Neill (CHAIR) Robert Snaith Amanda French Egnes Manyena
## **O R G A N I S A T I O N A L S T R U C T U R E**
Foundation For Good is a Charitable Incorporated Organisation governed by its trustee board which is responsible for setting the strategic direction of the organisation and also policy and procedure. The trustees carry ultimate responsibility for the conduct of the charity and for ensuring that it satisfied its legal and contractual obligations. The trustee board meets at-least quarterly and there may be additional meetings of appropriate members or groups as required. The day to day operation of the organisation has been delegated to the Chief Executive and other staff / volunteers, who are key to providing the services offered by the charity.
## **W I D E R N E T W O R K**
Foundation For Good has no formal affiliations with other organisations but prides itself by working in partnerships. Building strong partnerships is essential when supporting our community. We believe that by working in key partnerships we can provide high quality support. Where appropriate we offer advise, refer and also signpost support for our members to our partnering cross sector organisations. We accept referrals from over 20 organisations that we work in partnership with.
4
i%-Yi,
Foundation
For Good .
Happier, Healthier & More
Cohesive Communities
AQULT SUPPORT
SIAVICES
FOOD 8AIIX. FAEE
CC*4MUNtrY MEAL-
WARM SPACE
OXIIIG & SPOATS
FACIUTIES
VOVTH 5UIip
SERvth
ALTERNATIVE
/ How we support our Commun
## **FOUNDATION FOR GOOD**
Contact@foundationforgood.co.uk
www.foundationforgood.co.uk
CHANGING LIVES
THROUGH THE POWERS
OF NEUROPLASTICITY
EMPOWERING YOUNG PEOPLE WITH THE TOOLS,
EXPERIENCES AND KNOW HOW IN ORDER TO MAKE
POSITIVE 8EHAVIOUR CHANGES.
GAINING CLARITY OF FUTURE LIFE DIRECTION.
ENABLING A PL4N FOR SUCCESS.
SPIKING STUDENTS ENGAGEMENT WtTHIN THEIR
MAINSTREAM EDUCATIONAL SCHOOL
HELPING STUDENTS TO COPE WITH THEIR EMOTIONS,
LEARNING THEM HOW TO TAKE CONTROL OF THEIR
NEUROLOGY IN ORDER TO 08TAIN FufuRE SUCCESS, A
41
## **M E E T M A S O N . .**
## **N E U R O - D E V E L O P M E N T**
In Mason's neuro-development review he stated "I used to struggle to get up in the morning and with morning motivation, now i wake up before 7o'clock every morning ready to go to school and FFG. Neuroplasticity has also helped my attitude." We helped Mason gain clarity on how he can obtain future life success and helped him write up a 10-15 year plan. Mason stated that "I am going to stay consistent and stay true to my dreams and goals. I will remain conscious about my everyday life decisions.
## **D E V E L O P M E N T**
We have reviewed the progress between Mason's 1st and 2nd review. Mason has demonstrated in these assessments that he has made marked improvements in; Speaking with others, Considering others, Time Management, Motivation, Tolerance, Showing Confidence, Creativity, Human Biology and Sport. Mason has also identified that his compliance with education has improved. We believe that this is significant development in the short space of time we have been working with Mason.
8
## P L A N S F O R T H E F U T U R E
## S E R V I C E D E V E L O P M E N T
Foundation For Good's executive board members working in conjunction with the chief executive officer plan to grow the charities services and to further increase the hugely positive benefits it provides to its members. We are working in partnership with the County Durham Council and the Directory For Alternative Learning Provisions. We provide education to some of the most hard to reach young people within our area through our Alternative Learning Provision (ALP), we offer a new innovative service which already has achieved great outcomes and developments of young people. We harness the powers of neuroplasticity to help people make the required neuro developments and behaviour changes that are essential for future life success. Our developments and partnerships within alternative learning will provide a steady stream of referrals, ALP will help expand our charities service to the people and further our evidence base of success. We have other exciting new developments which we have planned for the near future. We aim to make our services inclusive for all and will be developing framework to enable other organisations similar to us to do the same. Our developments within our service will see our recipients benefit and will allow for the expansion of Foundation For Good to new members.
## V I S I O N T O E X P A N D
Our services positively change lives. In the future we plan to expand in order to be able to offer our unique and positive services to more people for public benefit. The growth of our services and the increase of public benefit will also bring charitable financial gain for Foundation For Good. The growth and expansion which is planned in the future will in turn help us further attain our visions and goals of making a positive difference within world. 9
## **O P E R A T I O N A L S U P P O R T A N D C H A L L E N G E S**
## **Operational Support and Dedicated Team:**
Our operational success is deeply rooted in the commitment and passion of our dedicated team of employees and volunteers. At Foundation For Good, we are fortunate to have a group of individuals who wholeheartedly believe in our mission to empower the most vulnerable members of our community in England's top 20% most deprived areas.
## **Employee Commitment:**
Our employees play a pivotal role in translating our mission into impactful programs and initiatives. Their unwavering dedication is evident in the tireless efforts they put into the alternative education programs, food bank operations, mental health services, and the myriad of activities that form the core of our community support initiatives. Their commitment goes beyond the call of duty, with many of them actively seeking ways to innovate and enhance the effectiveness of our programs.
## **Volunteer Contributions:**
Our volunteers, the lifeblood of our organisation, embody the spirit of community service. These selfless individuals generously donate their time, skills, and energy to support our various projects. Whether it's distributing food at the food bank, mentoring disadvantaged youth, or providing a listening ear through our mental health services, our volunteers contribute with a sense of purpose that transcends the challenges faced by the communities we serve.
## **Belief in the Mission:**
What sets our team apart is a shared belief in the transformative power of community support. This shared vision unites employees and volunteers alike, fostering a collaborative and supportive work environment. Their collective dedication is not merely a job requirement but a genuine belief in the positive impact we can make in the lives of those who need it most.
## **Operational Challenges:**
While our team remains steadfast in their commitment, it is essential to acknowledge the challenges we face. Limited resources, external factors affecting community dynamics, and the evolving landscape of social issues present hurdles that demand resilience and adaptability. Despite these challenges, our team's determination to overcome obstacles and continue serving the community remains unwavering.
In the face of adversity, the solidarity among our team members and volunteers serves as a source of strength. The challenges we encounter only deepen our resolve to find innovative solutions and enhance the effectiveness of our programs.
In conclusion, the operational success of Foundation For Good is intricately woven into the fabric of our dedicated team. Their commitment, resilience, and shared belief in our mission serve as the driving force behind our ability to create lasting positive change in the communities we proudly serve.
10
## **D E C L A R A T I O N S**
The charity trustees declare that they approve the report and accounts for� the period ended 28 February 2023.
Approved by the Trustees on 20 December 2023 and signed on it behalf by
Name: Dr David Neill Position: Chair
11
**Foundation for Good CIO**
**Charity No. 1193644**
**Unaudited Accounts**
**28 February 2023**
**Foundation for Good CIO Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Foundation for Good CIO**
I report to the trustees on my examination of the financial statements of Foundation for Good CIO for the year ended 28 February 2023.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 20 December 2023
Page 13
**Foundation for Good CIO Statement of Financial Activities**
## **for the year ended 28 February 2023**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net income**
8
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|---|
|||**2023**|**2023**|**2023**|**2022**|
|||**£**|**£**|**£**|**£**|
|||||||
|||1|-|1|(1)|
|||45,342|20,200|65,542|60,110|
|||45,343|20,200|65,543|60,109|
|||||||
|||1,043|-|1,043|279|
|||2,581|10,500|13,081|-|
|||31,467|9,700|41,167|50,568|
|||35,091|20,200|55,291|50,847|
|||-|-|-|-|
|||10,252|-|10,252|9,262|
|||-|-|-|-|
|||10,252|-|10,252|9,262|
|||||||
|||10,252|-|10,252|9,262|
|||||||
|||9,262|-|9,262|-|
|||19,514|-|19,514|9,262|
|||||||
|||||||
|||||||
Page 14
**Foundation for Good CIO Balance Sheet**
**at 28 February 2023**
|**Charity No. 1193644**
**Fixed assets**
Tangible assets
10
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
12
**Unrestricted funds**
12
General funds
**Reserves**
12
**Total funds**|**2023**
**£**
2,480
2,480
19,897
19,897
(2,863)
17,034
19,514
19,514
19,514
19,514
19,514
19,514|**2022**
**£**
-|
|---|---|---|
|||-
9,262|
|||9,262
-|
|||9,262
9,262|
|||9,262|
|||9,262|
|||9,262|
|||9,262|
|||9,262|
Approved by the trustees on 20 December 2023
And signed on their behalf by:
R. Snaith Trustee 20 December 2023
Page 15
**Foundation for Good CIO Notes to the Accounts**
## **for the year ended 28 February 2023**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 16
**Foundation for Good CIO Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer Equipment 3 years% Reducing Balance
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 17
**Foundation for Good CIO Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 18
**Foundation for Good CIO**
**Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Charitable activities
**Total**
**Expenditure on:**
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
3
**Income from donations and legacies**
Donations
4
**Income from charitable activities**
Membership Fees
Grants
Fundraising
5
**Expenditure on raising funds**
_Fundraising trading costs_|**Unrestricted**
**£**
37,250
-
8,092
45,342|**Unrestricted**
**£**
1
1
**Restricted**
**£**
-
20,200
-
20,200
**Unrestricted**
**£**
1,043
1,043|**Unrestricted**
**funds**
**2022**
**£**
(1)
60,110
60,109
50,847
50,847
9,262
9,262
9,262
9,262
**Total**
**2023**
**£**
1
1
**Total**
**2023**
**£**
37,250
20,200
8,092
65,542
**Total**
**2023**
**£**
1,043
1,043|**Total funds**
**2022**
**£**
(1)
60,110|
|---|---|---|---|---|
|||||60,109
50,847|
|||||50,847|
|||||9,262|
|||||9,262|
|||||9,262|
|||||9,262|
|||||**Total**
**2022**
**£**
(1)|
|||||(1)|
|||||**Total**
**2022**
**£**
18,194
15,643
26,273|
|||||60,110|
|||||**Total**
**2022**
**£**
279|
|||||279|
Page 19
**Foundation for Good CIO**
**Notes to the Accounts**
## 6 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Charitable Costs
_Governance costs_
Meeting Expenses
Volunteers Expenses
7
**Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
9
**Staff costs**
Salaries and wages|**Unrestricted**
**£**
1,772
343
466
2,581
**Unrestricted**
**£**
7,692
4,976
5,849
663
9,647
2,640
31,467|**Restricted**
**£**
10,500
-
-
10,500
**Restricted**
**£**
-
-
2,400
-
7,300
-
9,700
**2023**
**£**
663
**2023**
5,121
5,121|**Total**
**2023**
**£**
12,272
343
466
13,081
**Total**
**2023**
**£**
7,692
4,976
8,249
663
16,947
2,640
41,167|**Total**
**2022**
**£**
-
-
-|
|---|---|---|---|---|
|||||-|
|||||**Total**
**2022**
**£**
1,604
1,178
32,546
-
14,770
470|
|||||50,568|
|||||**2022**
**£**
-
**2022**
900|
|||||900|
No employee received emoluments in excess of £60,000.
Page 20
**Foundation for Good CIO Notes to the Accounts**
## 10 **Tangible fixed assets**
|10 **Tangible fixed assets**||||
|---|---|---|---|
|**Cost or revaluation**
Additions
At 28 February 2023
**Depreciation and**
**impairment**
Depreciation charge for the
year
At 28 February 2023
**Net book values**
At 28 February 2023
11 **Creditors:**
amounts falling due within one year
Bank loans and overdrafts
Other creditors
Accruals|**2023**
**£**
1,998
40|**Computer**
**Equipment**
**£**
3,143
3,143
663
663
2,480|**Total**
**£**
3,143|
||||3,143|
||||663|
||||663|
||||2,480|
||||**2022**
**£**
-
-|
||825||-|
||2,863||-|
Page 21
**Foundation for Good CIO Notes to the Accounts**
## 12 **Movement in funds**
|**At 1 March**
**2022**
**Restricted funds:**
**Restricted income funds:**
Sporting Activites
-
Games Room & Equipment
-
Warm Spaces
-
_Total_
-
**Unrestricted funds:**
**General funds**
9,262
**Total funds**
9,262
Purposes and restrictions in relation to the funds:
Restricted funds:
Sporting Activites
Games Room & Equipment
Warm Spaces
13 **Analysis of net assets between funds**
Fixed assets
Net current assets
14 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
10,500
7,300
2,400
20,200
45,343
65,543|**Resources**
**expended**
**£**
(10,500)
(7,300)
(2,400)
(20,200)
(35,091)
(55,291)|**At 28**
**February**
**2023**
**£**
-
-
-|
|---|---|---|---|
||||-|
||||19,514|
||||19,514|
|||||
|||||
|||||
|||||
|||||
||**At 1 March**
**2022**
**£**|**Unrestricted**
**funds**
**£**
2,480
17,034
19,514
**Cash flows**
**£**|**Total**
**£**
2,480
17,034|
||||19,514|
||||**At 28**
**February**
**2023**
**£**|
||9,262|10,635|19,897|
||9,262
9,262|10,635
10,635|19,897|
||||19,897|
|||||
Page 22
**Foundation for Good CIO Statement of Cash flows for the year ended 28 February 2023**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2023**
**£**
10,252
663
865
11,780
(3,143)
(3,143)
-
8,637
9,262
17,899|**2022**
**£**
9,262
-
-|
|---|---|---|
|||9,262
-|
|||-|
||||
|||-|
||||
|||9,262|
|||-|
|||9,262|
||||
|**Components of cash and cash equivalents**|||
|Cash and bank balances|19,897|9,262|
|Bank overdrafts|(1,998)|-|
||||
||17,899|9,262|
Page 23
**Foundation for Good CIO Detailed Statement of Financial Activities**
## **for the year ended 28 February 2023**
|**Income and endowments from:**
Donations and legacies
Donations
Charitable activities
Membership Fees
Grants
Fundraising
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
**Total of expenditure on raising**
**funds**
Charitable activities
Membership Fees
Governance costs
Meeting Expenses
Volunteers Expenses
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Staff entertainment
Staff training
Motor and travel costs
Vehicles - General costs
Travel and subsistence
Premises costs
Rent
Rates
Light, heat and power
Premises cleaning|**Unrestricte**
**d funds**
**2023**
**£**
1
1
37,250
-
8,092
45,342
45,343
1,043
1,043
1,043
1,772
1,772
343
466
809
2,581
5,121
289
2,282
7,692
2,472
2,504
4,976
3,600
-
372
175|**Restricted**
**funds**
**2023**
**£**
-
-
-
20,200
-
20,200
20,200
-
-
-
10,500
10,500
-
-
-
10,500
-
-
-
-
-
-
-
-
-
2,400
-|**Total funds**
**2023**
**£**
1
1
37,250
20,200
8,092
65,542
65,543
1,043
1,043
1,043
12,272
12,272
343
466
809
13,081
5,121
289
2,282
7,692
2,472
2,504
4,976
3,600
-
2,772
175|**Total funds**
**2022**
**£**
(1)|
|---|---|---|---|---|
|||||(1)|
|||||18,194
15,643
26,273|
|||||60,110|
|||||60,109
279|
|||||279|
|||||279
-|
|||||-|
|||||-
-|
|||||-|
|||||-
900
458
246|
|||||1,604|
|||||354
824|
|||||1,178|
|||||25,606
1,263
2,362
971|
Page 24
## **Foundation for Good CIO Detailed Statement of Financial Activities**
|Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Computer
Equipment
Bank charges
Equipment expensed
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Consultancy fees
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|1,702
5,849
663
178
1,624
2,039
96
1,059
531
2,114
1,635
371
10,310
1,525
835
280
2,640
31,467
35,091
-
10,252
10,252
-
10,252
9,262
19,514|-
2,400
-
-
7,300
-
-
-
-
-
-
-
7,300
-
-
-
-
9,700
20,200
-
-
-
-
-
-
-|1,702
8,249
663
178
8,924
2,039
96
1,059
531
2,114
1,635
371
17,610
1,525
835
280
2,640
41,167
55,291
-
10,252
10,252
-
10,252
9,262
19,514|2,344|
|---|---|---|---|---|
|||||32,546|
|||||-
52
7,515
1,246
-
848
3,550
920
-
639|
|||||14,770|
|||||-
410
60|
|||||470|
||||||
|||||50,568|
|||||50,847
-|
|||||9,262|
|||||9,262
-|
|||||9,262|
|||||-|
|||||9,262|
Page 25
Charity Registration Number:
1193644
26